I’ve spent $135,000 on rent over the last 9 years. How am I supposed to save up for a down payment on a house when I’ve already bought a tiny one in terms of rent.
If you got an FHA loan for your first residence is there a chance your mortgage would be cheaper/as cheap as your rent?
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Yes. can’t get an FHA loan w/no credit. Perfect place: It’s in a cute area but still close enough to my work. It’s a 1600 sq. Ft. Home and including HOA fees it’ll be $400 less a month than what I pay now. I do have the credit now (didn’t at 20) but down payment still required.
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For the record/reminder, I’m a registered investment advisor/passed the series 65. I know how to budget thanks. I feel like you asking this was a shitty low tier attempt at a passive aggressive cheap shot, like I couldn’t possibly be in this situation unless it was my fault
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Like I am 99% sure I know more about finance and real estate having worked in banks and the investment industry for 6 of the last 10 years, but go ahead and finish your thought.
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I went with an FHA loan, and while the mortgage is cheaper, you also have to account for escrow/taxes. Both are part of my mortgage payment, and ends up being more expensive. That's not including insurance, and the down payment would have normally been difficult to gather.
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I was only able to start buying a house, because when my dad passed away, i was able to get enough money from that to pay most of my student loans off and still have enough extra for a down payment. That's a steep price to own a house. I wouldn't have been able to otherwise.
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Wydaje się, że ładowanie zajmuje dużo czasu.
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